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September 28, 2018  

Rockpoint Pursues NY Office Mortgage

Rockpoint Group is in the market for roughly $400 million of debt on a Midtown Manhattan office tower it has agreed to purchase.The mortgage would be backed by the 815,000-square-foot building at One Dag Hammarskjold Plaza, one block from the United Nations. Rockpoint struck a deal in recent weeks to buy the property from New York developer Ruben Cos. for about $600 million. The proposed financing would represent leverage of about 67%.Rockpoint,...

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